US LNG equipment maker Air Products has recently opened a new hydrogen fueling station at its industrial gases facility in Ulsan City, South Korea.
Air Products operates the station that features the firm’s hydrogen fueling technology.
It marks the first station built and operated by the private sector in the city under the South Korea government’s subsidy program, the firm said in a statement.
Moreover, Ulsan City houses the country’s hydrogen industry hub and is one of the three pilot cities in the national hydrogen economy roadmap.
It was the first city to operate hydrogen buses and taxis and has established itself as the center of hydrogen fuel cell vehicles, according to Air Products.
In addition, South Korea is one of the leading countries to develop a hydrogen-based economy.
Its hydrogen economy roadmap includes a goal of producing 6.2 million fuel cell vehicles and rolling out at least 1,200 hydrogen fueling stations by 2040, Air Products said.
Worth mentioning here, South Korean conglomerate SK Group recently said it plans to spend 18.5 trillion won ($16.5 billion) in hydrogen projects over the next five years, including the construction of what it says is the world’s largest hydrogen plant.
In total, five South Korean firms aim to invest about 43 trillion won ($38.3 billion) in hydrogen projects by 2030.
